SPY vs SYZ
State Street SPDR S&P 500 ETF Trust vs Lazard US Systematic Small Cap Equity ETF
Quick Verdict
SPY has a lower expense ratio. SYZ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | SYZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.61% | |
| AUM | $821.1B | - | |
| Dividend Yield | 1.01% | 0.24% | |
| Holdings | 505 | 386 | |
| YTD Return | +14.24% | +23.03% | |
| 1Y Return | +21.71% | +24.89% | |
| 3Y Return (annualized) | +22.10% | - | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -8.0% | |
| Fund Family | State Street Investment Management | Lazard Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Oct 29, 2021 |
SPY vs SYZ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Lazard US Systematic Small Cap Equity ETF (SYZ) is a ETF from Lazard Asset Management. Over the past year SPY returned +21.71% while SYZ returned +24.89%. Year to date, SPY is up 14.24% versus a gain of 23.03% for SYZ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -8.0% for SYZ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while SYZ charges 0.61%. On a $10,000 position that is $9 vs $61 annually, a gap of $52 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.24% for SYZ.
Holdings Overlap
SPY and SYZ share 19 holdings out of 868 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or SYZ?
SPY has an expense ratio of 0.09% while SYZ charges 0.61%. SPY is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, SPY or SYZ?
Over the past year SPY returned +21.71% vs +24.89% for SYZ, so SYZ leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between SPY and SYZ?
SPY and SYZ share 19 common holdings with a 0.5% weight overlap. Combined, they hold 868 unique securities.
Which pays a higher dividend, SPY or SYZ?
SPY yields 1.01% while SYZ yields 0.24%, so SPY currently pays the higher dividend yield.
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